The property is now available for $22 million, or $12 million without an adjacent production office and additional three acres

While Bob Hope’s fans love humming his signature tune “Thanks for the Memory,” not many of them seem to be interested in reliving any of those particular memories.

The legendary singer and comedian’s estate in Los Angeles is still on the market after three years and a price drop of $5.5 million.

The Bob & Dolores Hope Estate, located at 10346 Moorpark St. in Toluca Lake, was originally listed for $27.5 million in 2013. It has since undergone a few rounds of price chops, and was reduced to the current figure of $22 million about nine months ago.

However, this package includes the main property that sits on a 2.6-acre land, plus a production office on another three-acre plot of land. Potential buyers now have the option to just buy the main property for $12 million, said the listing agent Craig Strong of John Aaroe Group.

The 2.6-acre compound was built for Hope and his wife, Dolores, in 1939 by famed architect Robert Finkelhor, according to Mr. Strong. After Hope’s widow passed away in 2011, it was passed onto their trustees.

There are a total of eight bedrooms and eight bathrooms, including a 14,876-square-foot main house, a two-bedroom guesthouse and staff quarters. The main residence has a grand foyer that opens to a formal living room. A family room, a bar and billiard room, formal and family dining rooms, chef’s kitchen and a library complete the main level. The second floor has four bedroom suites, and a master wing.

Over the decades, the house has hosted many star-studded gatherings as well as visits from neighbors Bing Crosby and Frank Sinatra. “Many past celebrities and presidents have been to the home,” Mr. Strong said. “You can really feel the history when you walk around.”